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(NJR) Newjersey Resources complete technical analysis [charts+indicators] | Buy/Sell Newjersey Resources | (NJR) share price targets

Complete technical analysis of Newjersey Resources (NJR) by charts plus indicators, forecast predictions and share price targets for Newjersey Resources (NJR)

Newjersey Resources trades in USA in Public Utilities sector.

Showing technical analysis as on 2024-08-09 View latest technical analysis

10 day averaged volume of Newjersey Resources is 538852

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	44.46	44.20	44.55	43.88	0.58 times
08 Thu Aug 2024	44.14	44.54	44.63	44.07	0.697 times
07 Wed Aug 2024	44.37	44.08	44.57	43.70	1.333 times
06 Tue Aug 2024	43.50	42.41	44.84	42.33	1.596 times
05 Mon Aug 2024	45.00	46.42	46.49	44.78	1.267 times
02 Fri Aug 2024	46.80	46.56	47.15	46.19	0.885 times
01 Thu Aug 2024	46.92	46.94	47.37	46.33	0.875 times
31 Wed Jul 2024	46.75	46.95	47.34	46.68	1.553 times
30 Tue Jul 2024	47.01	46.73	47.06	46.35	0.534 times
29 Mon Jul 2024	46.61	47.05	47.05	46.45	0.676 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.7, but if it comes above 44.7, then a intra day buy could be more profitable.
If you take a sell trade below 44.7, then use 44.7 as stoploss and 43.5 as target. However if you take a buy trade in stock , then use 44.7 as stoploss and 45.77 as target.

Share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Target	40.62
Downside Target	41.58
Downside Target	43.94
Upside Target	45.40
Upside Target	46.19
Upside Target	46.49
Upside Target	46.68
Upside Target	47.05
Upside Target	47.34
Upside Target	47.37

Intraday share price targets for Newjersey Resources (NJR)

Target Type	Value
Downside Intraday Target	42.36
Downside Intraday Target	40.27
Upside Intraday Target	46.52
Upside Intraday Target	48.59
Downside Intraday Target	44.43

Weekly technical analysis of Newjersey Resources (NJR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	44.46	46.42	46.49	42.33	1.21 times
02 Fri Aug 2024	46.80	47.05	47.37	46.19	0.984 times
26 Fri Jul 2024	47.00	45.98	47.05	45.40	0.902 times
19 Fri Jul 2024	45.92	44.78	46.68	44.23	1.341 times
12 Fri Jul 2024	44.68	42.33	45.03	41.68	4.324 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Newjersey Resources (NJR)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	44.46	46.94	47.37	42.33	0.38 times
31 Wed Jul 2024	46.75	42.86	47.34	41.68	0.805 times
28 Fri Jun 2024	42.74	43.75	44.72	41.70	1.301 times
31 Fri May 2024	43.46	43.98	45.12	41.58	1.033 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Newjersey Resources (NJR)

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Newjersey Resources ( (NJR) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newjersey Resources ( (NJR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newjersey Resources ( (NJR) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Newjersey Resources stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Newjersey Resources in short term but the sell signal is initial and weak.

Newjersey Resources Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Newjersey Resources in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Newjersey Resources is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.4 and Newjersey Resources (NJR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Newjersey Resources (NJR) stock. Volume based technical analysis of Newjersey Resources (NJR) stock is negative.

Newjersey Resources Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.